“Our strong business momentum entering 2013 led to first quarter revenue
that exceeded our expectations,” said Stephen G. Waldis, Founder and
Chief Executive Officer of Synchronoss. “We have recently launched our
Personal Cloud platform with multiple customers, and our additional
cloud services deployments remain on track. 2013 is a pivotal year for
Synchronoss as our Personal Cloud customers across the globe deploy our
platform and begin scaling their cloud services in the latter half of
2013. We remain highly focused on ensuring that our mobile operator
customers benefit from a superior customer experience, increasing
adoption rates of their cloud services, and ultimately creating new
revenue streams and lowering churn.”

On a GAAP basis, Synchronoss reported net revenues of $78.3 million,
representing an increase of 21% compared to the first quarter of 2012.
Gross profit was $46.1 million and income from operations was $201
thousand in the first quarter of 2013. Net income applicable to common
stock was $476 thousand, leading to diluted earnings per share of $0.01,
compared to $0.14 for the first quarter of 2012.

On a non-GAAP basis, Synchronoss reported net revenues of $79.5 million,
an increase of 22% compared to the first quarter of 2012. Gross profit
for the first quarter of 2013 was $48.5 million, representing a gross
margin of 61%. Income from operations was $15.9 million in the first
quarter of 2013, representing an operating margin of 20%. Net income was
$10.9 million in the first quarter of 2013, compared to $10.1 million in
the year ago period. Diluted earnings per share were $0.28 for the first
quarter of 2013, compared to $0.26 for the first quarter of 2012.

A reconciliation of GAAP to non-GAAP results has been provided in the
financial statement tables included in this press release. An
explanation of these measures is also included below under the heading
"Non-GAAP Financial Measures."

Lawrence R. Irving, Chief Financial Officer and Treasurer, said
“Synchronoss delivered a strong operational performance in the first
quarter, which enabled us to meet our profitability objectives while
continuing to invest in our industry leading Personal Cloud Platform. We
plan to continue to increase investments in our business to meet growing
customer demand as we believe there will be significant payback over
time. Our cloud services revenue continues to be the fastest growing
portion of our business and we believe we are well positioned to scale
with our portfolio of global, tier one mobile operator customers.”

Other First Quarter and Recent Business Highlights:

Cloud Services revenue accounted for approximately $23.8 million of
non-GAAP revenue, representing approximately 30% of total revenue and
growing 29% on a year-over-year basis.

Activation Services revenue accounted for approximately $55.7 million
of non-GAAP revenue, representing approximately 70% of total revenue
and growing 20% on a year-over-year basis.

The Company expanded its executive team with the appointment of Nick
Lazzaro as President of North America. Mr. Lazzaro will oversee the
Company’s North American operations under Bob Garcia, President and
Chief Operating Officer. Mr. Lazzaro has over 20 years of experience
in technology and telecommunications, including executive positions at
Vonage and Amdocs.

Conference Call Details

In conjunction with this announcement, Synchronoss will host a
conference call on Wednesday, May 1, 2013, at 4:30 p.m. (ET) to discuss
the company's financial results. To access this call, dial 866-700-6293
(domestic) or 617-213-8835 (international). The pass code for the call
is 23643945. Additionally, a live web cast of the conference call will
be available on the “Investor Relations” page on the company’s web site, www.synchronoss.com.

Following the conference call, a replay will be available at
888-286-8010 (domestic) or 617-801-6888 (international). The replay pass
code is 94312991. An archived web cast of this conference call will also
be available on the “Investor Relations” page of the company’s web site, www.synchronoss.com.

Non-GAAP Financial Measures

Synchronoss has provided in this release selected financial information
that has not been prepared in accordance with GAAP. This information
includes historical non-GAAP revenues, gross profit, operating income,
net income, effective tax rate, earnings per share and cash flows from
operating activities. Synchronoss uses these non-GAAP financial measures
internally in analyzing its financial results and believes they are
useful to investors, as a supplement to GAAP measures, in evaluating
Synchronoss’ ongoing operational performance. Synchronoss believes that
the use of these non-GAAP financial measures provides an additional tool
for investors to use in evaluating ongoing operating results and trends,
and in comparing its financial results with other companies in
Synchronoss’ industry, many of which present similar non-GAAP financial
measures to investors. As noted, the non-GAAP financial results
discussed above add back the deferred revenue write-down associated with
acquisitions, fair value stock-based compensation expense,
acquisition-related costs, changes in the contingent consideration
obligation, deferred compensation expense related to earn outs and
amortization of intangibles associated with acquisitions.

Non-GAAP financial measures should not be considered in isolation from,
or as a substitute for, financial information prepared in accordance
with GAAP. Investors are encouraged to review the reconciliation of
these non-GAAP measures to their most directly comparable GAAP financial
measures as detailed above. As previously mentioned, a reconciliation of
GAAP to non-GAAP results has been provided in the financial statement
tables included in this press release.

About Synchronoss Technologies, Inc.

Synchronoss Technologies (NASDAQ: SNCR) is the mobile innovation leader
that provides personal cloud solutions and software-based activation for
connected devices across the globe. The company’s proven and scalable
technology solutions allow customers to connect, synchronize and
activate connected devices and services that empower enterprises and
consumers to live in a connected world. For more information visit us at:

This document may include certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," “outlook” or words of similar
meanings. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and
uncertainties, including those set forth under the caption "Risk
Factors" in Synchronoss’ Annual Report on Form 10-K for the year ended
December 31, 2012 and other documents filed with the U.S. Securities and
Exchange Commission. Actual results may differ materially from these
expectations due to changes in global political, economic, business,
competitive, market and regulatory factors. Synchronoss does not
undertake any obligation to update any forward-looking statements
contained in this document as a result of new information, future events
or otherwise.

SYNCHRONOSS TECHNOLOGIES, INC.

BALANCE SHEETS

(in thousands, except per share data)

(Unaudited)

March 31, 2013

December 31, 20121

ASSETS

Current assets:

Cash and cash equivalents

$

51,116

$

36,028

Marketable securities

15,392

20,188

Accounts receivable, net of allowance for doubtful accounts of $664
and $258 at March 31, 2013 and December 31, 2012, respectively